5. Over the past year, output grew 4%, capital grew 2%, and laborgrew 1%. If theincome shares of output with respect to capital and labor are 0.3and 0.7, respectively, how much did total factor productivity grow?(A) 2.0% (B) 2.7%(C) 3.0% (D) 3.3%

6. According to the Solow model, an increase in the capital-laborratio will(A) always reduce steady state consumption per worker.(B) always increase steady state consumption per worker.(C) reduce steady state consumption per worker if the capital-labor ratio is below the Golden rule capital stock.(D) increase steady state consumption per worker if the capital-labor ratio is below the Golden rule capital stock.

5. Over the past year, output grew 4%, capital grew 2%, and laborgrew 1%. If theincome shares of output with respect to capital and labor are 0.3and 0.7, respectively, how much did total factor productivity grow?
(A) 2.0%
(B) 2.7%
(C) 3.0%
(D) 3.3%

相關試題

相關試卷

5. Over the past year, output grew 4%, capital grew 2%, and laborgrew 1%. If theincome shares of output with respect to capital and labor are 0.3and 0.7, respectively, how much did total factor productivity grow?(A) 2.0%(B) 2.7%(C) 3.0%(D) 3.3%

相關試題

相關試卷

5. Over the past year, output grew 4%, capital grew 2%, and laborgrew 1%. If theincome shares of output with respect to capital and labor are 0.3and 0.7, respectively, how much did total factor productivity grow?
(A) 2.0%
(B) 2.7%
(C) 3.0%
(D) 3.3%